Brick Two-Family Plus
4824 New Utrecht Avenue Brooklyn, NY 11219
For Sale
$1,999,000
Solid brick mixed-use building with two residential units over three bedrooms each and a storefront with a finished basement.
Property Size2,760 SF
Price / SF$724.28
Days on Market322
Property Features for 4824 New Utrecht Avenue
General Information
- Standard status
- Active
- Size
- 2,760 SF
- Property subtype
- Mixed Use
Building Details
- Year Built
- 1920
Listing Agency:
RE/MAX Real Estate Professiona
(718) 532-2000
Listed By:
Vito Angelo · License #vitlo524
(718) 532-2000
Source:
Compass
Added: Sep 6, 2025
Changed: Jul 23
Last Checked: Jul 23 at 10:48AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of RE/MAX Real Estate Professiona
Investment Insights
Based on property information with market context.
Solid brick mixed-use building featuring a two-family layout plus one storefront. The residential configuration provides three bedrooms over three bedrooms, and the store includes a full finished basement. Additional onsite features include a large backyard.
The property includes a new boiler and electric service, and it can be delivered vacant. Full possession is available for qualified buyers.
This building is offered for sale and presents a combined residential and retail setup for an end-user, investor, or developer looking for a mixed-use asset with both living space and street-level storefront space.
The property includes a new boiler and electric service, and it can be delivered vacant. Full possession is available for qualified buyers.
This building is offered for sale and presents a combined residential and retail setup for an end-user, investor, or developer looking for a mixed-use asset with both living space and street-level storefront space.
Key Highlights
- Solid brick mixed‑use building (Year Built 1920) with 2 residential units plus a storefront
- Residential layout: 3 bedrooms over 3 bedrooms, plus an additional store space
- Finished full basement (plus finished full basement listed in interior features)
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $119.2k | $43.20 |
| − Vacancy | −$5.4k | −$1.94 |
| EGI | $113.9k | $41.26 |
| − OpEx | −$34.2k | −$12.38 |
| NOI | $79.7k | $28.88 |
2,760 SF · lease $43.20/SF/yr · vacancy 4.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.14M
$996.3K – $1.33M
NOI $79,707 @ 7.0% cap · market cap 3.99%
Second Best
Apartment 5plus
$1.02M
$894.4K – $1.19M
NOI $71,549 @ 7.0% cap · market cap 3.58%
Theoretical Best
Office A
$1.79M
$1.57M – $2.09M
NOI $125,247 @ 7.0% cap · market cap 6.27%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Hao Heng Inc
(Bike/Boat/Book/etc) Store
FAQs
What type of property is this?
Duplex - Solid brick mixed-use building with two residential units over three bedrooms each and a storefront with a finished basement.
Where is this duplex located?
The property is located at 4824 New Utrecht Avenue Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,999,000.
What are key features of this property?
This property features: Solid brick mixed‑use building (Year Built 1920) with 2 residential units plus a storefront; Residential layout: 3 bedrooms over 3 bedrooms, plus an additional store space; Finished full basement (plus finished full basement listed in interior features)
